Oh, for Pete's sake! Can anyone explain to me why China would want a weak US Dollar and a strong Yuan? Why would they want to suddenly be unable to sell all their manufactured goods to the US? And especially in the lead up to the Olympics, why on Earth would they want to make it dearer to visit China???
Dollar Collapse I was freaking right !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
by 5go 46 Replies latest members adult
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5go
Oh, for Pete's sake! Can anyone explain to me why China would want a weak US Dollar and a strong Yuan? Why would they want to suddenly be unable to sell all their manufactured goods to the US? And especially in the lead up to the Olympics, why on Earth would they want to make it dearer to visit China???
It's a weapon in diplomacy they can use. There for the USA better do what China tells the USA to do or else bye bye #1 economy in the world as well as the USA's standard of living.
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5go
Why would they want to suddenly be unable to sell all their manufactured goods to the US?
They are needing the USA's market less and less. The rest world has wealth to that and real money versus fake money that are US T-bonds. That the USA is getting very close to not being able to pay back those bonds.
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Stephanus
History lesson: What did Jimmeh Carter do in the 70s when the new Iranian "leaders" threatened to dump all those petrodollars?
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PEC
You guys sound like JWs, the world is going to end. I bought my first house when my money market account was paying 18%. The world is not going to end, everything is going to be fine. I would go back to the Kingdum Hell if I wanted to hear this shite.
Philip
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under_believer
Yes, interest rates will be higher. But if the houses in my price range fall enough, say, by roughly the amount they've gained in the last five years, I'm gonna be golden anyways.
The trick is figuring out exactly the right moment to unload my house. I'd do it this instant and go rent for a while if the wife would allow it! -
5go
History lesson: What did Jimmeh Carter do in the 70s when the new Iranian "leaders" threatened to dump all those petrodollars?
Sent Bush Sr. to convince the Saudi's to buy them which they did until recently.
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Stephanus
Sent Bush Sr. to convince the Saudi's to buy them which they did until recently.
Try again, smartarse! Try googling Jimmeh and the word "sequestration". See if you find out anything. Unless you're determined to do the Chicken Little/Henny Penny thing...
Hint: all it takes is a stroke of a pen, and the mountain of US paper China's sitting on becomes exactly that: paper!
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5go
You guys sound like JWs, the world is going to end. I bought my first house when my money market account was paying 18%. The world is not going to end, everything is going to be fine. I would go back to the Kingdum Hell if I wanted to hear the shite.
Philip
I get tired of this It's not "doom and gloom the end of the world" it is "there is trouble at home we need to get off our asses and do something" I am preaching.
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5go
Hint: all it takes is a stroke of a pen, and the mountain of US paper China's sitting on becomes exactly that: paper!
That would be the same as bankruptcy would it not. Who is going to by bad T-bonds and fund the US goverment and the american way of life. That and china can then say hey well all that junk you make over here is ours fool. Then they dump cheap it on the world market. How are you going to make money then.